Regulator
Central Bank of the Republic of Türkiye
Legal basis
Law No. 6493 · CBRT regulation and communiqués
Accounts
Separate safeguarding accounts at banks
Collateral
Held at the CBRT, TL 2–5 million base
Records
Kept in Türkiye for at least 10 years
Law No. 6493
Safeguarding of funds
Funds received for payment services and in exchange for e-money are safeguarded under CBRT rules.
✓
Payment funds and e-money funds reconciled separately, every day.
CBRT regulation
Separate safeguarding accounts
Customer funds are kept apart from own funds, in dedicated safeguarding accounts at banks.
✓
Each safeguarding account matched to the customer balances it covers.
CBRT regulation
Daily reconciliation
Customer-level records are reconciled every day against the safeguarding bank’s statements.
✓
Customer-level ledger matched to bank statements each day, with every break explained.
CBRT regulation
No use as collateral
Funds received against e-money may not be used as collateral.
✓
Account movements monitored, so encumbered or misused balances surface immediately.
CBRT regulation
Collateral at the CBRT
Institutions hold collateral at the CBRT, with a base of TL 2, 3 or 5 million depending on the licence.
✓
Collateral tracked next to safeguarded funds in one position.
Law No. 6493
Records
Documents and records are kept in Türkiye for at least ten years, secure and accessible.
✓
Write-once records of every daily position, kept and exportable.
Summary for orientation, not legal advice. Rule references as of November 2026.
07:00
Statements in
Statements from every safeguarding bank, in TRY and foreign currency.
08:00
Customer level
Customer balances matched to the safeguarding accounts.
09:00
Funds kept apart
Payment funds and e-money funds checked on their own.
10:00
Breaks resolved
Differences explained and corrected, with approval.
11:00
Recorded
The day stored for the CBRT and auditors.
Daily reconciliation
Customer records against safeguarding statements, per account.
Daily
Per account
CBRT reporting
Figures built from the same reconciled data.
CBRT
Periodic
Collateral overview
Collateral at the CBRT next to safeguarded funds.
CBRT
Daily
10-year record
Every position, break and approval, kept in Türkiye.
10 years
Write-once
From the field
The details that turn a clean month into a finding. Valurec handles each of them by rule.
Payment vs e-money funds
The two follow different rules, for example on interest, and must not be mixed.
Foreign-currency balances
Funds held in USD or EUR need their own reconciliation and rate.
Where data lives
Records have to stay in Türkiye, which affects where your tools can store data.
Collateral
Institutions hold collateral at the CBRT, scaled by licence type.
Interest
Overnight interest can be earned on payment funds, but not on e-money safeguarding accounts.
Supervision
Payment and e-money institutions are licensed and supervised by the CBRT.
UK
FCA CASS 15
Daily reconciliations, the monthly REP027 return, the resolution pack and the annual audit.
Learn more
›
EU
PSD2 / PSD3 · EMD2
Segregation, timely safeguarding and evidence for national supervisors, ready for PSD3.
Learn more
›
ALL
Safeguarding Reconciliation
The overview across every regime and entity.
See the overview
›
